return2ozma@lemmy.world to News@lemmy.world · 2 years ago62% of Student Loan Borrowers Say They're Likely to Boycott Repaymentswww.commondreams.orgexternal-linkmessage-square128fedilinkarrow-up1425arrow-down121
arrow-up1404arrow-down1external-link62% of Student Loan Borrowers Say They're Likely to Boycott Repaymentswww.commondreams.orgreturn2ozma@lemmy.world to News@lemmy.world · 2 years agomessage-square128fedilink
minus-squareRiyria@sopuli.xyzlinkfedilinkarrow-up3·2 years agoNo, your income isn’t collateral. Garnishment is sought because there is no collateral to claim. Collateral is explicitly put up to guarantee a loan.
No, your income isn’t collateral. Garnishment is sought because there is no collateral to claim. Collateral is explicitly put up to guarantee a loan.